Galvanize, a Denver-based computer-coding school, plans to open a campus in Phoenix next fall, creating a new pipeline of tech-savvy workers intended to help meet the Valley’s corporate needs.
The school will open its doors in what is now an empty building in the city’s downtown warehouse district south of Chase Field, helping further revitalize an area trying to cash in on its industrial trappings. Galvanize will feature co-working space and a startup investment fund to help grow small businesses.
Galvanize specializes in six-month training programs that it says leaves its graduates with marketable skills that businesses actually need. Jim Deters, the company’s CEO, said average annual starting salaries for Galvanize graduates is about $84,000. The company already has an agreement with Allstate to provide at least 100 graduates in its first year here.
“If you want more companies to come here, you have to have the human capital to come here,” Deters said after a news conference Wednesday. “There’s an efficient way that we can build what we call immersive education to rapidly build skills that make them employable. I do think there are massive companies like Allstate and others that are starving for tech talent here.”
Software engineers and data scientists, two common fields that make use of the skills Galvanize teaches, frequently earn six-figure salaries.
Phoenix Mayor Greg Stanton said Galvanize’s arrival signals the city’s growing appeal in technology circles.
“This is a third-party verification that there is something happening here,” Stanton said. “Phoenix is a hot economy. We’re not Silicon Valley, but we’re in that next wave of cities.”
As part of the deal, the city of Phoenix plans to offer Galvanize up to $1 million in tax credits over 10 years tied to the number of graduates working in the Valley and tap its Strategic Economic Development Fund for meeting other performance measures. Those plans go to the City Council for a vote next week. Stanton said he expects the council will support the incentives.
The Galvanize deal with the city has been in the works for more than a year and came about with help from GPEC.
WebPT, a Web-based physical therapy company that has grown to 270 employees, will move across Grant Street and share space in the same building with Galvanize at 515 E. Grant St.